Question:

Which country was liberalized under SAARC?

Updated On: Jun 1, 2023
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Solution and Explanation

Under SAARC (South Asian Association for Regional Cooperation), the country that was liberalized was India.

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International Organizations

International organizations play a crucial role in global governance, facilitating cooperation and coordination among nations on various issues of common interest. Here are some key international organizations:

United Nations (UN): The UN is the most prominent international organization, with the goal of promoting peace, security, and development. It consists of multiple bodies, including the General Assembly, Security Council, and specialized agencies like UNESCO and WHO.

World Trade Organization (WTO): The WTO oversees international trade and resolves trade disputes among member countries. Its aim is to promote free and fair trade by establishing rules and regulations.

International Monetary Fund (IMF): The IMF provides financial assistance, economic advice, and policy coordination to member countries to maintain stability in the global financial system and promote sustainable economic growth.

World Bank: The World Bank provides financial and technical assistance to developing countries for development projects, poverty reduction, and infrastructure development.

European Union (EU): The EU is a political and economic union of 27 European countries. It promotes economic integration, facilitates trade, and coordinates policies on various issues such as security, migration, and climate change.

North Atlantic Treaty Organization (NATO): NATO is a military alliance among North American and European countries, aimed at collective defense and security cooperation.

African Union (AU): The AU works towards promoting peace, security, and development in Africa, fostering integration among African nations, and addressing regional challenges.

Organization of Petroleum Exporting Countries (OPEC): OPEC is a group of oil-producing countries that coordinate oil production and pricing policies to stabilize global oil markets.

These organizations, along with many others like the World Health Organization (WHO), International Labor Organization (ILO), and International Criminal Court (ICC), play important roles in addressing global issues, promoting cooperation, and advancing international norms and standards.